As part of its continuous expansion strategy in Saudi Arabia, LuLu Retail has opened its 57th store at Al-Fakhriyah, Qutb Al-Din Al-Shafie Street, Dammam.
The hypermarket offers a modern and convenient shopping experience, featuring a curated selection of high-quality products, while staying true to the brand’s signature commitment to affordability and excellence.
The new store was inaugurated by chief guest Fayez bin Ali Al-Asmari, head of West Dammam municipality, in the presence of dignitaries, including Shehim Muhammed, director of LuLu Saudi Hypermarkets; Moiz Nuruddin, regional director for Eastern Province; Mohammed Bu Bshait, executive manager of Eastern Province; Zaid Alsubaie, administration manager of Eastern Province; along with other senior officials from the company and the local community.
The new store, spread over 20,000 square feet, features all the favorite shopping amenities that have made LuLu the fastest-growing retail chain across the Kingdom.
It provides ample parking space with a capacity for 181 vehicles. This ensures convenience for both local customers and travelers visiting the store.
The hypermarket is designed to efficiently meet the diverse needs of the community, offering everything from fresh groceries to household products.
Whether residents are seeking their everyday grocery needs or travelers are in search of a quick, reliable shopping experience, the new hypermarket is designed to meet diverse customer demands efficiently.
Designed with the local community in mind, Al-Fakhriyah store is compact yet fully equipped, offering a wide range of products across multiple categories.
Shoppers can find everything from groceries, fresh produce, and bakery items to meat, seafood, health and beauty products, small appliances, mobile phones and accessories, and home furnishings.
At the inauguration, Muhammed highlighted the importance of the new store in fulfilling the company’s vision of providing exceptional quality and value to customers across the Kingdom.
He said: “The opening of LuLu Store in Al-Fakhriyah marks another significant milestone in our ongoing commitment to offering the best quality products at competitive prices. This store reaffirms our dedication to addressing the diverse needs of the local community and ensuring an enhanced shopping experience for our valued customers.”
The new store also features convenient accessibility, making it the perfect stop for travelers on the busy Bu-Hadriyah Road, ensuring that customers, whether residents or passersby, are well-served.
LuLu continues to focus on expanding its presence in key locations across the Kingdom, further solidifying its position as a leader in the retail industry while meeting the growing demands of Saudi Arabia’s retail market.
The company is on track to open 100 stores in the Kingdom within the next three years.
Additionally, four new LuLu stores are set to open in the holy cities of Makkah and Madinah within the next two months.
Recently, LuLu began trading on ADX on Nov. 14, following its record-breaking IPO.
The most significant aspect was the heavy pull-in of first-time investors, all of whom made up more than 82,000 retail investors, one of the highest recorded for a UAE IPO.
The stock offering raised $1.72 billion, with aggregate demand reaching $37 billion, resulting in an oversubscription of 25 times.
Cornerstone investors included leading sovereign and institutional investors from across the GCC.
